Also, if she is here on any type of visa it is likely that she went through a background check to obtain that.  

@Russell Brazil @Jay Hinrichs Is the same law applicable in New Jersey?

No Application or Credit Checks.

We use the leases and application to confirm the rr and see the quality of tenant.

@Jason Hartley I'd also love to hear your thoughts on why you consider "property management specific" applications to be "AR programs" and not worthy to be compare to QuickBooks for full bookkeeping.   

Here is the guideline that is probably applicable to you to drop PMI without refinancing.Refinance. 80% LTV if SFR owner occupied will work.Note that while in theory it doesn't matter, generally appraisers are a little more liberal if the goal is just to drop PMI.

When you know that the majority of debt on a property either is, or soon will be indefensible, then you can afford to be considerably more aggressive than competing parties who are  unaware.See also this informative article by a Colorado Lawyer regarding application of the statute there. http://www.markhofgardlaw.com/Articles/When-is-a-Mortgage-Lien-Extinguished-Through-Expiration-of-the-Statute-of-Limitations.shtml  Best wishes,

I just went through the whole application process and they even appraised it only to tell me I have to own the property for at least a year before they can do this deal.

A few bucks for the post and a few bucks for a galvanized post base will be structurally sufficient for pretty much any application.

How long did it take to fund from when you submitted an application until you received funds?